MIAMI--(BUSINESS WIRE)--"Bitdollar Capital, the managing company of Bitdollar Fund, aims to provide clarity to the cryptocurrency community, by guiding fundamental analysis and facilitating research, while also providing a relatively safe place for those that are new to cryptocurrencies to get started. There is a lot of confusion and hype in the cryptocurrency field, and there are many profiting from this lack of clarity. We hope to make a positive difference in this respect, and help investors understand the fundamentals of what they are investing in," said Nick Kitcharoen, President of Bitdollar Fund and CEO of Bitdollar Capital.
When Nick Kitcharoen was asked about the overall mission of the Bitdollar Fund, his reply was, “Our mission as collective investors is to provide the best returns among the best cryptocurrencies on a long-term, fundamental basis. We will have a fundamental analysis debate about major cryptocurrencies as a community via our forums and our investor videos, and we will collectively manage the fund through annual investor elections. The process itself should be quite interesting," said Nick Kitcharoen CEO of Bitdollar Capital.
The Fund’s initial cryptocurrency components (Ethereum, Bitcoin, Ripple, and asset backed cryptocurrencies) are set by its President. However, starting in December of 2018, the holders of Tokens will collectively decide percentage allocations of each component through stakeholder voting. Then in October of 2019 and annually thereafter in the Fund elections, Token holders will collectively decide its cryptocurrency components and percentage allocations to each. The fund also features “non-core” cryptocurrency components, which are ideally backed by physical assets such as oil and gold. These non-core components are meant to provide uncorrelated returns to major cryptocurrencies, while also having the impact of reducing volatility and providing a relatively safer environment for new investors in cryptocurrency to get started.
"I believe Nick Kitcharoen is brilliant for finding a resolution for the fork in the road with creating a passage on the blockchain to guide Fundamental Analysis, Facilitate Research, and Provide A Safer Entry Point For New Investors." Quote: Robert Alexander CEO of 360WiseMedia.
Bitdollar Fund, a Cayman Islands limited company, will utilize fundamental analysis while investing in major cryptocurrencies and have a long-term investment horizon. The Fund also aspires to provide clarity to the crypto currency community and provide a safer place for investors that are new to crypto currencies to get started. Crypto currency investing involves significant risk of loss and is not suitable for everyone. Please do your own research or consult your investment professional before investing.
For more information about Nick Kitcharoen and Bitdollar Fund please visit (bitdollarico.com )
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For more information about Robert Alexander and 360WiseMedia please visit (360WiseMedia.com)